Samsung Electronics meets with Vietnam’s finance minister ... “to expand investment and strengthen cooperation in advanced technologies”

 [Hanoi, Vietnam—Correspondent Kim Jun-seok] Samsung Electronics met with Vietnam’s Ministry of Finance to discuss ways to expand local investment and address difficulties.
According to local media reports and other sources on the 9th, a Samsung delegation led by Kim Dong-wook, head of Samsung Electronics’ finance team and a vice president, paid a courtesy call on Finance Minister Ngo Van Tuan and met with him at the Ministry of Finance building in Hanoi on the 6th. Kim, who previously headed Samsung Electronics’ Vietnam production subsidiary under its Mobile Experience Division (MX Division), discussed ways for the two countries to cooperate in depth, drawing on his experience overseeing production in Vietnam.
At the meeting, Vice President Kim said, “Thanks to the development of the global AI industry and rising semiconductor demand this year, Samsung Electronics is seeing positive momentum in its business performance,” and added, “We are focusing on developing premium products equipped with AI in key segments such as smartphones, TVs and home appliances, while continuing to step up investment in R&D and infrastructure to build a foundation for long-term growth.”
Regarding production in Vietnam, he emphasized, “Production volumes at Samsung’s Vietnamese subsidiaries are steadily increasing as this year’s strategic smartphone lineup has been well received in global markets.” Accordingly, on a cumulative basis through October, both total sales and export value at Samsung’s Vietnamese subsidiaries are recording double-digit growth compared with the same period a year earlier.
He also reaffirmed the continued expansion of investment. Vice President Kim said, “As of the end of 2025, Samsung Group’s cumulative investment in Vietnam amounted to approximately $24 billion (about 32.5212 trillion won),” explaining, “This demonstrates the pivotal position Vietnam holds in the global production and management network.”
He also expressed optimism about the draft amendment to the Investment Law being discussed in Vietnam’s National Assembly. The view is that a legal framework aimed at attracting high-quality foreign direct investment (FDI), promoting technology transfer, developing a highly skilled workforce and advancing the green transition will provide new momentum for investment. It is also expected to increase transparency in the business environment and broaden opportunities for cooperation with local companies.
Minister Tuan praised Samsung’s investment and contribution to exports, and welcomed expanded investment in advanced, eco-friendly and clean technology sectors and stronger participation by local companies in supply chains. Responding to Samsung’s requests, he said, “I have instructed agencies under the Ministry of Finance and the relevant authorities to promptly simplify administrative procedures and shorten processing times, and we will faithfully honor our commitments to investors.”
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